Bill Text: NY A01991 | 2011-2012 | General Assembly | Introduced

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Bill Title: Grants taxpayer an automatic extension of time for filing a return and paying personal income taxes where a state budget is not timely enacted into law; provides that no penalties or interest shall be assessed, or imposed upon a taxpayer during such extension. [Track Bill]

Status: 2012-06-19 - held for consideration in ways and means [A01991 Detail]

Download: New_York-2011-A01991-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1991
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 12, 2011
                                      ___________
       Introduced by M. of A. TEDISCO -- Multi-Sponsored by -- M. of A. CROUCH,
         FITZPATRICK,  KOLB, J. MILLER, THIELE -- read once and referred to the
         Committee on Ways and Means
       AN ACT to amend the tax law, in relation to granting an automatic exten-
         sion of time for filing a personal income  tax  return  and  paying  a
         personal  income tax when the state budget has not been timely enacted
         into law
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  657  of  the  tax law is amended by adding a new
    2  subsection (d) to read as follows:
    3    (D) AUTOMATIC EXTENSION FOR LATE APPROVAL OF STATE BUDGET. AN AUTOMAT-
    4  IC EXTENSION OF TIME EQUAL TO A TOTAL CALCULATED BY SUBTRACTING ONE FROM
    5  THE NUMBER OF DAYS AFTER APRIL FIRST AND UPON  WHICH  THE  LAST  OF  THE
    6  PUBLIC  PROTECTION  AND  GENERAL  GOVERNMENT BUDGET BILL, THE EDUCATION,
    7  LABOR AND FAMILY ASSISTANCE BUDGET BILL, HEALTH AND MENTAL HYGIENE BUDG-
    8  ET BILL, THE  TRANSPORTATION,  ECONOMIC  DEVELOPMENT  AND  ENVIRONMENTAL
    9  CONSERVATION  BUDGET  BILL, THE LEGISLATIVE AND JUDICIARY BUDGET BILL OR
   10  THE DEBT SERVICE BUDGET BILL HAS BEEN ENACTED INTO LAW SHALL  BE  DEEMED
   11  GRANTED  FOR  FILING  A TAX RETURN OR PAYING A TAX OTHERWISE REQUIRED ON
   12  APRIL FIFTEENTH. NO PENALTIES OR INTEREST SHALL BE ASSESSED  OR  IMPOSED
   13  UPON A TAXPAYER DURING SUCH EXTENSION AS HEREIN GRANTED.
   14    S 2. This act shall take effect immediately and shall apply to taxable
   15  years beginning on and after January 1, 2011.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01453-01-1